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BATA INDIA Plunges 4%; BSE FMCG Index Up 1.2%
Wed, 7 Aug 10:13

BATA INDIA Plunges 4%; BSE FMCG Index Up 1.2%Image source: asbe/www.istockphoto.com

BATA INDIA share price has plunged 4% and is presently trading at Rs 1,445.6.

Meanwhile, the BSE FMCG index is at 22,498.5 (up 1.2%).

Among the top losers in the BSE FMCG index today are CCL PRODUCTS (down 0.5%) and Ruchi Soya Industries (down 0.2%).

Tata Coffee (up 3.6%) and AVANTI FEEDS (up 3.0%) are among the top gainers today.

Over the last one year, BATA INDIA has moved down from Rs 1,762.5 to Rs 1,445.6, registering a loss of Rs 316.9 (down 18.0%).

On the other hand, the BSE FMCG index has moved up from 18,781.3 to 22,498.5, registering a gain of 19.8% during the last 12 months.

The top gainers among the BSE FMCG index stocks during this same period were Godfrey Phillips (up 103.7%), BOM.BURMAH (up 101.2%) and Colgate (up 71.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,162.4 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.2%) and Maruti Suzuki (up 2.0%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,198.8 (up 0.9%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,162.4, registering a gain of 13,208.9 points (up 20.0%).

BATA INDIA Financial Update...

BATA INDIA net profit grew 62.8% YoY to Rs 1,741 million for the quarter ended June 2024, compared to a profit of Rs 1,069 million a year ago. Net sales declined 1.4% to Rs 9,446 million during the period as against Rs 9,581 million in April-June 2023.

For the year ended March 2024, BATA INDIA reported 18.7% decrease in net profit to Rs 2,625 million compared to net profit of Rs 3,230 million during FY23. Revenue of the company grew 0.8% to Rs 34,786 million during FY24.

The current Price to earnings ratio of BATA INDIA, based on rolling 12 month earnings, stands at 56.4.


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